Hollysis Automation Technolo (HOLI) Upgraded by BidaskClub to Sell

Hollysis Automation Technolo (NASDAQ:HOLI) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Wednesday.

Other equities research analysts have also issued reports about the stock. ValuEngine raised shares of Hollysis Automation Technolo from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Hollysis Automation Technolo from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Thursday, May 17th. Citigroup raised shares of Hollysis Automation Technolo from a “neutral” rating to a “buy” rating in a report on Tuesday, May 15th. Finally, JPMorgan Chase lowered shares of Hollysis Automation Technolo from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $27.00 to $25.00 in a report on Friday, February 9th. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $22.58.

Shares of HOLI opened at $25.35 on Wednesday. The company has a quick ratio of 2.79, a current ratio of 2.96 and a debt-to-equity ratio of 0.03. Hollysis Automation Technolo has a 1 year low of $15.67 and a 1 year high of $28.35. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 21.85 and a beta of 1.59.

Hollysis Automation Technolo (NASDAQ:HOLI) last announced its quarterly earnings data on Monday, May 14th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). Hollysis Automation Technolo had a net margin of 19.02% and a return on equity of 13.10%. The company had revenue of $120.62 million for the quarter, compared to analysts’ expectations of $119.06 million. During the same period last year, the business earned $0.22 earnings per share. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. analysts forecast that Hollysis Automation Technolo will post 1.83 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in HOLI. C M Bidwell & Associates Ltd. purchased a new stake in Hollysis Automation Technolo during the 1st quarter valued at approximately $109,000. SG Americas Securities LLC bought a new position in shares of Hollysis Automation Technolo during the 4th quarter valued at approximately $162,000. Verition Fund Management LLC bought a new position in shares of Hollysis Automation Technolo during the 1st quarter valued at approximately $242,000. Element Capital Management LLC bought a new position in shares of Hollysis Automation Technolo during the 1st quarter valued at approximately $297,000. Finally, HBK Investments L P bought a new position in shares of Hollysis Automation Technolo during the 4th quarter valued at approximately $301,000. 68.63% of the stock is owned by institutional investors and hedge funds.

About Hollysis Automation Technolo

Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.

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